This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 94 m², energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment boasts all-room balconies, enhancing natural light and ventilation while offering private outdoor spaces ideal for relaxation or entertaining.
The valuation. The asking price of €349,900 is significantly above the fair value of €291,721, representing an excess of €58,179 (16.6%). This property is considered overpriced in the current market.
Fair value modelled at €291,721 from the area baseline, adjusted for condition and location. Asking €349,900 sits €58,179 (16.6%) above — overpriced versus fair value.
Asking €349,900 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €271,472 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 75 · Materials 80 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 70 · Amenities 70 · Economic 80 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €271,472 + condition -€1,469 + location +€21,718 = modelled fair value of €291,721 (€3,103/m²), a €58,179 (16.6%) gap versus the €349,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 49b924 | Subject | €349,900 | €3,722 | — | 75 | 70 |
| rua Infante Dom Pedro | Active | €359,900 | €3,213 | 13.7% | 70 | 76 |
| rua Dom Pedro de Almeida Portugal | Active | €359,900 | €3,213 | 13.7% | 73 | 75 |
| praça da Portela | Active | €350,000 | €3,804 | 2.2% | 78 | 86 |
| praceta Alfredo Keil, 9 | Active | €395,000 | €3,950 | 6.1% | 72 | 82 |
| Median comp | €359,900 | €3,509 | 5.7% | 73 | 79 |
Long-term rental The property is overpriced, with a significant gap of 16.6% above its fair value, potentially limiting cash flow and investment returns. Despite a stable suburban market near Lisbon, a gross yield of 3.8% does not justify the asking price for long-term rentals. Buy-and-hold This property, despite its suburban appeal, is overpriced and represents a 16.6% deviation from its estimated fair value. The 3.8% yield may result in slow capital appreciation, making it less attractive for long-term wealth accumulation. Family rental The apartment's high listing price reflects a 16.6% premium over fair value, which may deter potential tenants and impact rental demand. While the neighborhood offers stability, the yield of 3.8% indicates that it is not a sound investment for family rentals at this asking price.
Tenant instability risk The tenant stability score of 65/100 indicates a potential risk of higher turnover rates, which may lead to increased vacancy and associated costs.
